Hara Capital LLC Purchases New Shares in Weatherford International PLC (NASDAQ:WFRD)

Hara Capital LLC acquired a new stake in shares of Weatherford International PLC (NASDAQ:WFRD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 34,461 shares of the company's stock, valued at approximately $1,845,000. Weatherford International makes up approximately 1.2% of Hara Capital LLC's holdings, making the stock its 21st biggest position.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital Research Global Investors grew its holdings in Weatherford International by 295.9% in the 4th quarter. Capital Research Global Investors now owns 5,945,755 shares of the company's stock worth $425,894,000 after acquiring an additional 4,443,823 shares during the last quarter. Invesco Ltd. bought a new stake in Weatherford International in the 4th quarter worth $104,287,000. Norges Bank bought a new stake in Weatherford International in the 4th quarter worth $65,678,000. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Weatherford International by 181.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,303,007 shares of the company's stock valued at $93,334,000 after purchasing an additional 840,456 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Weatherford International by 67.1% during the 1st quarter. Bank of New York Mellon Corp now owns 1,201,544 shares of the company's stock valued at $64,343,000 after purchasing an additional 482,352 shares in the last quarter. Hedge funds and other institutional investors own 97.23% of the company's stock.

Weatherford International Stock Performance

WFRD stock traded up $0.90 during trading on Friday, reaching $58.15. The company had a trading volume of 794,609 shares, compared to its average volume of 1,189,365. The firm has a 50-day simple moving average of $49.29 and a 200-day simple moving average of $55.48. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 1.62 and a beta of 0.76. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.52 and a current ratio of 2.08. Weatherford International PLC has a twelve month low of $36.74 and a twelve month high of $135.00.

Weatherford International (NASDAQ:WFRD - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.89 by $0.14. Weatherford International had a net margin of 8.79% and a return on equity of 35.88%. The business had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.21 billion. As a group, sell-side analysts expect that Weatherford International PLC will post 5.89 earnings per share for the current year.

Weatherford International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Tuesday, May 6th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.72%. The ex-dividend date was Tuesday, May 6th. Weatherford International's payout ratio is 16.00%.

Insider Buying and Selling

In other Weatherford International news, Director Neal P. Goldman acquired 12,000 shares of the firm's stock in a transaction on Thursday, April 24th. The stock was acquired at an average cost of $42.04 per share, for a total transaction of $504,480.00. Following the purchase, the director owned 25,311 shares in the company, valued at approximately $1,064,074.44. The trade was a 90.15% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.09% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on WFRD shares. Barclays dropped their price objective on shares of Weatherford International from $85.00 to $77.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Raymond James Financial lowered shares of Weatherford International from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the stock from $73.00 to $69.00 in a research note on Thursday, April 24th. Citigroup dropped their price objective on shares of Weatherford International from $90.00 to $70.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Finally, Piper Sandler dropped their price objective on shares of Weatherford International from $80.00 to $62.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Weatherford International has a consensus rating of "Moderate Buy" and an average price target of $96.63.

Weatherford International Profile

Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company operates through three segments: Drilling and Evaluation; Well Construction and Completions; and Production and Intervention.